PROVIDENCE – WBRU 95.5 FM has sold its terrestrial broadcast signal license for $5.63 million, station spokesman Art Norwalk said on Tuesday.
Norwalk added that Brown Broadcasting Service, Inc., the entity which holds rights to the station’s signal, has agreed to sell the license to the Educational Media Foundation, a nonprofit based in California which broadcasts primarily Christian contemporary music.
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The sale comes as no surprise, as the alternative college radio station had already expressed its intention to sell its FM license in July but had not identified the buyer. Funds from the sale will be held in an endowment to finance the station’s new advanced media workshop through which new programming in news and music are being planned.
As per terms of the deal, WBRU will be live on air until 11:59 p.m. on Aug. 31, after which programming from EMF will commence. The sale of the FM license does not mean the end of the WBRU broadcast, as the radio station will operate streaming of its content online.
“WBRU is not going away,” said station GM Kishanee Haththotuwegama. “We are moving to a 21st-century platform with greater potential for creative expression and community service.”
Kyle Borowski is a PBN contributing writer.
